July 29, 2021
  • Greek Ferry Companies are expected to record losses of over 200 million euros in the period 2020-2021, due to the covid-19 crisis, although in 2021 it is estimated that there will be an increase in passenger traffic by 20% to 30% compared to 2020.
  • The first half of 2021 closed with a reduction in passenger traffic by 5% to10%, while July ends with an increase in the number of travellers by 50% compared to July 2020.
  • Passenger traffic has increased compared to last year, while, since July 1, demand has further strengthened, with an increase of 55% to 60% compared to the same period of 2020.
  • Passenger traffic will be subdued in September – October, as the largest part of the demand comes from tourists travelling in groups, which does not show much momentum for the time being.
  • Ferry operators estimate that passenger traffic will return to 2019 levels in 2022 if the pandemic will be stopped and there will be no more restrictive measures. Otherwise, the return of passenger traffic to pre-pandemic levels is postponed until 2024.
  • The 80% – 85% of the passengers are mainly Greeks
  • The expected improvement in passenger traffic this summer will probably not cover the increased fuel costs and the ferry companies are expected to record losses of about 100 million euros.
  • Last year, ferry companies reported losses of 140 million euros, while the State’s financial support was only 30 million euros.